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Plaid raised $575 million in a down round valuing the company at $6.1 billion, which is less than half its 2021 valuation. The funding will support employee restricted stock units tax obligations and provide internal liquidity. Plaid’s delayed IPO likely reflects US open banking uncertainty, as the CFPB finalizes its data access rule. Waiting for regulatory clarity and consumer awareness could position Plaid for a stronger public debut down the road.
W Chain , a top hybrid blockchain platform for global payments, has announced its partnership with NeurochainAI, a leader in decentralized AI development. The partnership will leverage the combined strength of both the companies to transform the global payment system by deploying amalgamation of AI and blockchain technologies. NeurochainAI is backed by Google’s startup program.
The fintech unicorns in Asia are moving to reshape the very fabric of how people and businesses interact with money. From digital payments to decentralised finance (DeFi), these companies are solving real-world challenges like financial inclusion and cross-border transactions, while setting new global standards for innovation. Out of the unicorns worldwide valued at a combined $4 trillion , a rising share are coming out of Asias fast-moving fintech ecosystem.
Still stuck with outdated, manual financial processes that eat up your time and increase the risk of costly errors? You're not aloneand theres a smarter way forward. Finance transformation is redefining how modern finance teams operate. It empowers you to move faster, reduce errors, and focus on driving strategic value.What is Finance Transformation?
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
If you’re running a large business and processing a high volume of payments every month, youre likely wondering if there’s room to reduce your payment processing fees. The short answer is yes, large merchants can negotiate custom payment processing rates. The more complex answer is that all merchants can negotiate payment processing rates, however large merchants just have a more negotiating power.
Affirm , a payment network aiming to empower consumers and help merchants drive growth, is teaming up with Shopify , the internet infrastructure for commerce provider, to enable merchants in Canada to offer customers the option to pay in instalments. Shopify merchants in Canada with early access can now offer Shop Pay instalments, powered by Affirm, to shoppers, marking the products first availability outside the US.
Ripple will acquire Hidden Road for $1.25 billion, making it the first crypto company to own and operate a global, multi-asset prime broker. The acquisition expands Ripple’s offerings beyond payments into trading, custody, and lending services, providing financial institutions the infrastructure they need for crypto adoption. Between recent regulatory shifts in the US and Hidden Roads capabilities, Ripple is positioning itself to become a full-service financial hub as digital assets gain m
Ripple will acquire Hidden Road for $1.25 billion, making it the first crypto company to own and operate a global, multi-asset prime broker. The acquisition expands Ripple’s offerings beyond payments into trading, custody, and lending services, providing financial institutions the infrastructure they need for crypto adoption. Between recent regulatory shifts in the US and Hidden Roads capabilities, Ripple is positioning itself to become a full-service financial hub as digital assets gain m
New research from RedCompass Labs shows that RTP and FedNow’s rising transaction limits are making instant payments significantly more attractive for U.S. banks. 84% of US banks say the new $10 million RTP® limit boosts its attractiveness, and 84% believe raising FedNow’s $500,000 cap will have the same effect. The results suggest larger transaction limits are helping to boost instant payment demand.
Aspire has partnered with fintech infrastructure provider Episode Six to introduce a multi-currency corporate card for small and medium-sized businesses (SMBs) in Singapore and Hong Kong. The new card is aimed at helping Aspires 50,000 SMB customers manage cross-border payments more efficiently. It offers instant issuance of virtual and physical cards, tokenisation, and spend controls that can be tailored at the organisation, department, or individual level.
Struggling with cash flow forecasting? You're not alone. Many companies face challenges in consolidating data from various sources to create accurate forecasts. According to a survey, less than 25% of organizations rate their cash forecasting maturity as above average.Additionally, 22% of treasurers acknowledge their cash positioning capabilities need development.
Ally Financial is exploring new internal use cases for gen AI and investing in client-facing digital capabilities. Digital-first Ally is focused on continued investment in new products to enhance consumers digital experience, Chief Executive Michael Rhodes said today during the $181.4 billion banks first-quarter earnings call. The bank is committed to disrupting the industry with […] The post Ally Financial invests in new gen AI use cases appeared first on Bank Automation News.
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
Ever wondered how AI is shaping the world of payments? Staxs Mark Sundt sat down with John Gaffney from PYMNTS to dig into this topic. As Chief Technology Officer at Stax, Mark’s at the forefront of artificial intelligence in the industry. His expertise provides a unique window into the cutting-edge developments shaping the future of payments.
The payments landscape is evolving, but the way we move money across borders has struggled to keep pace. While information travels the world in seconds, global payments still encounter delays, friction, and complex compliance hurdles. At Aryze , we believe that sending funds should be as fast, intuitive, and reliable as sending an email. Our new partnership with Bloxcross makes this possible, unlocking instant, compliant access between fiat currencies and fully backed stablecoins.
With demand for faster, more secure international payments growing, CurrencyFair has selected tell.money to support its open banking integration, ensuring customers benefit from a smoother, more efficient way to send money across borders. CurrencyFair provides fast, secure, and cost-effective money transfers to over 150 countries in more than 20 currencies, offering an alternative to traditional banking fees and delays.
Singapore and Hong Kong-licensed payment institution FOMO Pay has launched local Vietnamese Dong (VND) virtual accounts. The service enables merchants, corporates, and institutions to send and receive VND within Vietnam using locally issued virtual accounts under their own names via the countrys local payment infrastructure. The introduction of VND accounts aims to support cross-border transactions involving Vietnam by potentially speeding up settlement, simplifying payment reconciliation, and i
Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
Expense management startup Ramp is being considered for a charge card pilot program by the U.S. governments General Services Administration, the company confirmed to TechCrunch on Thursday. The governments internal expense card program, dubbed SmartPay, is a $700 billion program.
CONT ACTLESS: UK consumers used the technology more frequently in 2024 and their average spend was greater A record 94.6% of all eligible in-store card transactions were made using contactless in the UK in 2024, Barclays reports, “surpassing the previous years record of 93.4%” Shoppers also used the technology more frequently in 2024 on average, 236 times across the year compared to 231 times in 2023.
According to the Worldwide Retail Ecommerce Forecast 2024 by eMarketer, eCommerce will account for 21.0% of retail sales in 2025, amounting to $6.862 trillion. This is expected to grow to 22.6% and reach $7.956 trillion by 2027. Like most business owners, your instincts tell you to hop on the bandwagon and launch an online store for your business. But launching your eCommerce store is just half the equationaccepting payments efficiently and effectively is a whole different ball game.
We previously explored why the convergence of SaaS and fintech is so compelling. Cloud-native design, scalability, and recurring revenue models made the model attractive for both users and investors. The ability to deploy financial services at scale, through intuitive software interfaces, opened new possibilities for user experience and cost-efficiency.
Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.
A new income tax survey from ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, developed in partnership with YouGov , shows that nearly 40% of taxpayers would use their tax refund to pay debt (e.g., credit cards, loans, etc.), suggesting that the inflationary economy is eroding disposable income as Americans turn to tax refunds for debt relief.
Circle Internet Group announced the launch of its Circle Payments Network (CPN), a new system designed to connect financial institutions for cross-border payments using regulated stablecoins. The network aims to enable faster, lower-cost international money transfers by utilizing stablecoins such as USDC, EURC, and other regulated digital currencies for real-time settlement between participants like banks, payment providers, virtual asset service providers, and digital wallets.
SNEAK PEAK: PAY360 state of payments survey 2024 findings revealed August 22, 2024 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The findings of The Payments Association’s State of the Industry 2024 survey, which examines the current state and future challenges of the payments industry. Why is it important? It provides crucial insights into emerging trends, challenges, and opportunities in the payments sector, helping stakeholders make informed decisions.
The proposed $35 billion merger between Capital One Financial Corp. and Discover Financial Services cleared a major regulatory hurdle as the US Justice Department told financial regulators in a confidential memo that it didnt have sufficient evidence to block the transaction. The DOJ memo to the Federal Reserve and Office of the Comptroller of the […] The post Capital One-Discover deal waved ahead by antitrust officials appeared first on Bank Automation News.
Speaker: David Nisbet, Everett Zufelt, and Michaela Weber
Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.
Philippines-based Security Bank has announced a new collaboration with Entrust. The partnership will help the financial institution enhance its electronic Know Your Customer (eKYC) and digital onboarding processes. Headquartered in Minneapolis, Minnesota, Entrust is a veteran of Finovate’s developer conferences in 2015 and 2016. Identity-as-a-Service (IDaaS) innovator Entrust has entered into a new collaboration with leading Philippines-based financial institution Security Bank.
In this interview, Sandy Trust, Director of Sustainability Risk, Baillie Gifford joins the FinextraTV Unplugged studio to discuss how existing financial risk management disciplines align with the avoidance of environmental disruption through a crocodile analogy. As the lead author for a series of climate-related risk reports for The Institute and Faculty of Actuaries, he reflects on the reception of the papers and the challenges and optimisms ahead.
Today, alternative banking partner IFX Payments announces they have reached an agreement in principle to acquire Argentex Group PLC, a publicly listed FX options and electronic money institution, bringing together two established players in the UK Payments and FX space. This strategic acquisition is part of the business’s wider mission to become the number one service-led alternative banking partner in EMEA for corporates and Financial Institutions, creating value beyond the transaction.
Revolut , a global neobank with over 52 million users, reported a net profit of US$1 billion (S$1.35 billion) for 2024, marking its fourth consecutive year of profitability. Profit before tax rose to US$1.4 billion (S$1.86 billion), with the groups net profit margin strengthening to 26%, up from 19% the year before. Group revenues climbed 72% year-on-year to US$4.0 billion (S$5.28 billion), supported by growth across all key business segments.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
Unveiling digital fraud: Insights into scam trends and prevention in the UK payment sector January 3 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? An examination of authorised push payments (APP) scams in 2023, their impact on victims, and the platforms most exploited. Why is it important? Over 340 million was lost to APP scams, affecting trust in payments and digital platforms.
For many small business owners, credit card processing fees may seem like a hefty price to pay for providing convenience to customers. Even if you consider them to be a cost of doing business, credit card fees can quickly eat away at your already slim profit margins. Merchants paid a record $172 billion in payment processing fees in 2023. This figure may continue to climb as inflation rises and credit card networks boost their processing rates.
Citi Ventures remains focused on investments that generate both strategic and financial returns, prioritizing long-term value over short-term fluctuations. The venture arm of $1.7 trillion Citi monitors market volatility closely, but its core mission is identifying and backing sustained, strategic value regardless of short-term market fluctuations, Jeff Flynn, director for venture investing at Citi Ventures, […] The post Webinar: Citi Ventures strategy in a volatile market appeared first o
Payments may seem like a back-office function, but for enterprises, they can quietly eat into margins, frustrate customers, and bog down operations. Whether you’re dealing with complex billing models, global expansion, legacy systems, or escalating processing fees, payment challenges grow with scale. Thats where a payment consultant comes in and its exactly how Clearly Payments helps enterprises take control of their payment systems, streamline operations, and unlock savings.
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever
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